6 Drake BoulevardAltona VIC 3018
Property Details for 6 Drake Bvd, Altona
Last Listing description (June 2023)
Lemon Baxter is offering for sale 6 Drake Boulevard in Altona comprising a separately titled, recently constructed showroom available to start or add to your investment portfolio.
FEATURES & BENEFITS:
| Recently constructed showroom of 625sqm* situated on a high exposure gateway location
| Base rental income of $130,000p.a*
| 8.5 year lease to Angkor Music International a specialist Music supplier focusing on a variety of instruments, sound equipment and storage solutions, servicing a wide customer base spanning the local, interstate & international markets
| Strong and certain rental growth with annual compounding 3.50% increases
| Significant tax saving depreciation benefits
| Landlord-favourable, set-and-forget net lease structure with tenant responsible for all usual outgoings
| Ample car parking available on site
| Rear Roller Shutter Door Access
| Double-glazed windows
| Excellent connectivity to Kororoit Creek Road, one of the area's main arterial roads servicing over 41,000 vehicles daily^
| Within an established industrial and residential precinct, set to benefit from significant government infrastructure investments
| Just 14km* from the Melbourne CBD, 10km* to Port Melbourne and the Princes Freeway & West Gate Freeway connections all within 3km*
| Surrounded by major businesses including Nike, QUBE, Toll, DHL, Linfox, BGC, Bunnings, Woolworths and Aldi
An inspection is essential to fully appreciate the quality, style and location.
Please reach out to either of the marketing agents below for additional information or an inspection.
James Matina
0431 283 528
james@lemonbaxter.com.au
Ned Kukic
0404 227 058
ned@lemonbaxter.com.au
* Approximately
^Vic Roads
Property History for 6 Drake Bvd, Altona, VIC 3018
- 23 Mar 2023Sold for $2,150,000
- 23 Feb 2023Listed for Sale Contact Agent
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0About Altona 3018
The size of Altona is approximately 16.6 square kilometres. It has 31 parks covering nearly 21.2% of total area. The population of Altona in 2016 was 10762 people. By 2021 the population was 11490 showing a population growth of 6.8% in the area during that time. The predominant age group in Altona is 30-39 years. Households in Altona are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Altona work in a professional occupation.In 2021, 66.30% of the homes in Altona were owner-occupied compared with 64.20% in 2016.
Altona has 7,807 properties. Over the last 5 years, Houses in Altona have seen a 26.04% increase in median value, while Units have seen a 11.61% increase. As at 31 December 2025:
- The median value for Houses in Altona is $1,180,622 while the median value for Units is $680,683.
- Houses have a median rent of $620 while Units have a median rent of $520.
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